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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (30920)	8/11/1998 2:14:00 PM
From: cardcounter	Read Replies (2) \| Respond to of 132070

I'd like to bet on russia, but am unsure on how one would best play the following scenario: 1. Russia devalues their currency, but does not default on their external debt obligations. I'm assuming that the russian debt/equity markets are going to price the devaluation expectations and default expectations into their securities, but that only one expectation will be realized. Ideally, I would buy in after the devaluation panick selling ebbs. 2. The IMF approves the $4.3 bln its considering for september. Without making a judgement on the validity of these expectations, how would one position themselves to realize the maximum upside potential should the above scenario work out? (extra points for feasibility) Bonus question: or should I stop sniffing glue and leave the macro-investing to Stan Druckenmiller over at Quantum?

To: Knighty Tin who wrote (30920)	8/12/1998 4:22:00 PM
From: Knighty Tin	Respond to of 132070

To All, One of my favorite indicators is back in fashion: The Prodigy Dump on MB About MU Indicator. For the last year or so, I couldn't get a reply to any note I posted on Prodigy about MU. But lately, I have had several flamers drop by to tell me how stupid I am. We may be reaching the peak in this dead cat bounce, though I still think it should peak sometime in the middle of next month. So far the Prodigy flamers have called the top or near top of nearly every MU rally. Then they disappear. Maybe I've got more abuse coming. Oh, boy. <G> MB